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Delhi Governor gives nod to set up special economic, free trade zones at airport

Infrastructure  -  Mar 18,2024  - 

Lieutenant-Governor (L-G) VK Saxena approved the establishment of a Special Economic Zone (SEZ) and Free Trade Zone (FTZ) covering five acres at the IGI Airport.

This move is expected to significantly enhance logistics infrastructure, stimulate economic growth and generate employment opportunities.

“Saxena approved the proposal taking note of the strategic importance of developing SEZ and FTZ at the airport hub, after ensuring that Delhi Development Authority (DDA) gives a go ahead for the same as per provisions of Master Plan for Delhi (MPD)-2021,” Raj Niwas officials said.

The SEZ and FTZ will facilitate economic activities such as exports, warehousing, trading and related services at the airport complex. Additionally, it aims to streamline procedures, reduce red tape and provide tax benefits to entrepreneurs.

The initiative aligns with the Union Ministry of Civil Aviation’s vision to develop Delhi as a Pilot Air Cargo Hub, enhancing infrastructure at Tier 1, 2 and 3 levels. Delhi International Airport Limited (DIAL) proposed the establishment of two Multi-Product SEZs at the IGI Airport, with the Industries Department of GNCTD seeking clearance from DDA.

Company : Delhi Development Authority (DDA)

Delhi International Airport Limited (DIAL)